Jobs Career Advice Signup
X

Send this job to a friend

X

Did you notice an error or suspect this job is scam? Tell us.

  • Posted: Sep 8, 2017
    Deadline: Sep 12, 2017
    • @gmail.com
    • @yahoo.com
    • @outlook.com
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Imagine a world where people live healthier, more enhanced and protected lives… A world in which each organisation is a powerful influencer and responsible corporate citizen, committed to being a force for social good. As a leading innovator in healthcare, wellness, insurance, investments, financial and life planning, Discovery works ceaselessly to...
    Read more about this company

     

    Technical Manager

    Job description

    Job Purpose

    To evaluate and underwrite risk for new and existing commercial short term insurance policies and to ensure that they are in line with Discovery Insures’ business goals and risk appetite.

    Assist in developing a structured strategy around Loss Ratios, High Hazard exposures, Motor Fleet and High Sum Insured Risks within mandate. To mentor and coach Commercial Junior Underwriters. Assist with placement of Reinsurance wide of current Treaty arrangements

    Outputs and Accountabilities

    • Leading and Supervising all underwriters
    • Review large risks where the combined Fire Sum Insured exceeds R100million with an unacceptable loss ratio < 60%
    • Review all risks where level of hazard is defined as high or refer to Risk/Technical
    • Review all policies where the annualised premium is over R500k
    • Assist with and analyse policy wordings
    • Maintain and develop Underwriting and Pricing Philosophies, Underwriting Guidelines, PDD’s Validations, Underrating Rules as well as Training Material and ensure that all Underwriting Instructions, Policies, Process and Procedures are followed
    • Assist with determine Underwriting Standard for acceptance of risk
    • Benchmark technical rates with Actuaries
    • Liaise with Business Analyst to facilitate underwriting system requirements for implementation
    • Perform due diligence on quality of risk
    • Ensure development and compliance of mandates for RM, BDM, BSC
    • Portfolio management including loss ratio and segmentation analysis
    • Reinsurance structures and placements
    • Weekly/monthly reporting on data analysis of risk
    • Monitor claims with a focus on claims > R500K, frequency specific to risk and specific risk-related claims
    • Manage relationship with SASRIA including correspondence, communication to business
    • Technical liaison with Ombudsman for short-term insurance (OSTI)

    Qualifications and Experience

    • Matric – Essential
    • FAIS – Minimum credits as required (Personal and Commercial Lines) – Essential
    • RE5 (Representative) – Essential
    • ACII (Associate of the Chartered Institute of Insurance - Advantageous
    • Minimum of 5-10 years Underwriting – Commercial Short Term Insurance Essential
    • Minimum 3 years Managerial – Commercial Short Term Insurance Essential

    EMPLOYMENT EQUITY

    The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply

    Method of Application

    Interested and qualified? Go to Discovery Limited on dc.erecruit.co.za to apply

    Build your CV for free. Download in different templates.

  • Send your application

    View All Vacancies at Discovery Limited Back To Home

Subscribe to Job Alert

 

Join our happy subscribers

 
 
Send your application through

GmailGmail YahoomailYahoomail